EghtesadOnline: Buying activity in Iran’s hot- and cold-rolled coil import market was sluggish in the week ending Jan. 3.
EghtesadOnline: The flat steel import market in Iran continued to be influenced by an unprecedented increase in freight rates sparked by a massive rise in grain shipments to the country.
EghtesadOnline: Steel usage in Iran during the first four months of the current fiscal year (March 21-July 22) stood at 11.61 million tons, up 8.62% year-on-year.
EghtesadOnline: Flat steel import prices continued to move up in Iran over the past seven days, in line with the positive trend in the global market.
EghtesadOnline: The Iranian flat steel import market has been quiet over the past seven days, as most market participants were on a long weekend break to celebrate Eid al-Fitr, the holiday that marks the end of the Muslim fasting month of Ramadan.
EghtesadOnline: Buying activity in the Iranian flat steel import market remained limited over the past week due to the traditional Ramadan slowdown, Metal Bulletin reported. As such, prices have not seen any significant change.
EghtesadOnline: Buying activity in the Iranian flat steel import market dropped last week amid limited demand from pipe and profile industries.
EghtesadOnline: Iranian flat steel importers and traders were seeking lower prices to offset weakening sentiment in Iran’s domestic market.
EghtesadOnline: Imports of semi-finished steel dropped by 88% in the first month of the current Iranian year (started March 21) compared with last year’s corresponding period to stand at 29,000 tons, according to Iranian Steel Producers Association.
EghtesadOnline: Iran’s steel imports were down across the entire spectrum of products in the first month of the current Iranian year (March 21-April 20).